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SHFE Tin to Remain under Downward Pressure (2016-8-4)
Aug 4, 2016 09:35Source:SMM
It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.
SHANGHAI, Aug. 4 (SMM) –It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.
SHFE 1609 tin will move between RMB 118,500-120,000/mt today, with downward pressure.
In Shanghai spot tin market, limited supply of small brand goods will support mainstream traded prices at RMB 120,000-121,500/mt.
Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)
LME tin prices
SHFE tin prices
tin prices
Sn price
base metal price forecast
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